Re: Our financial system is crumbling this week.
Posted: August 30 10, 11:01 am
Michael wrote:I'm sure glad I put a significant amount of money in the market two weeks ago.
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Michael wrote:I'm sure glad I put a significant amount of money in the market two weeks ago.
heyzeus wrote:Good news! The recession ended in June '09. Happy days are here again!
http://money.cnn.com/2010/09/20/news/ec ... htm?hpt=T1

Yeah, what's going on with that? I heard they were putting a freeze on foreclosures.JackofDiamonds wrote:That doesn't even touch the foreclosure fraud issue that's going on right now.
(subscription)Pay on Wall Street is on pace to break a record high for a second consecutive year, according to a study conducted by The Wall Street Journal.
About three dozen of the top publicly held securities and investment-services firms—which include banks, investment banks, hedge funds, money-management firms and securities exchanges—are set to pay $144 billion in compensation and benefits this year, a 4% increase from the $139 billion paid out in 2009, according to the survey. Compensation was expected to rise at 26 of the 35 firms.
So much for putting a few of the rogues in stocks in the town square.Jocephus wrote:(subscription)Pay on Wall Street is on pace to break a record high for a second consecutive year, according to a study conducted by The Wall Street Journal.
About three dozen of the top publicly held securities and investment-services firms—which include banks, investment banks, hedge funds, money-management firms and securities exchanges—are set to pay $144 billion in compensation and benefits this year, a 4% increase from the $139 billion paid out in 2009, according to the survey. Compensation was expected to rise at 26 of the 35 firms.
http://online.wsj.com/article/SB1000142 ... 46562.html